Draft Law on Money Surrogates to be Reviewed by the Russian Parliament in February.Members of Russian legislative assembly, the State Duma, may review a new draft edition of the Administrative Violations Code in the first reading as early as this February. The draft law implies de-facto legalization of operations with bitcoin and other cryptocurrencies.
The legislative initiative has been submitted to the State Duma in late 2015. Previously the community expected the new Code would become the first step to banning cryptocurrencies in Russia; however, the new edition’s originators offer to copypaste any decisions made by European and British regulators as to cryptocurrency integration.
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